When Prohibition was introduced, I hoped that it would be widely supported by public opinion and the day would soon come when the evil effects of alcohol would be recognised. I have slowly and reluctantly come to believe that this has not been the result. Instead, drinking has generally increased; the speakeasy has replaced the saloon; a vast army of lawbreakers has appeared; many of our best citizens have openly ignored Prohibition; respect for the law has been greatly lessened; and crime has increased to a level never seen before.

Taxation has its limitations as a method of achieving better economic distribution since for this purpose it is essentially remedial. We must also take a positive approach by finding new ways to spread ownership of future capital growth more broadly in our society.

I was trained from the beginning to work, to save. I have always regarded it a as a religious duty to get all I could honorably and to give all I could.

When work goes out of style we may expect to see civilization totter and fall.

A friendship founded on business is better than a business founded on friendship.

The success of each is dependent upon the success of the other.

The best philanthropy is constantly in search of the finalities-a search for a cause, an attempt to cure evils at their source.